HomeFinancial MarketsInvestors Shift Focus to Upcoming Inflation Reports

Investors Shift Focus to Upcoming Inflation Reports

Investors are shifting their focus to the release of Thursday’s Personal Consumption Expenditures (PCE) report. The Federal Reserve’s preferred inflation measure, this report is expected to provide a major insight into the central bank’s next policy decision.

Economists are expecting October’s PCE report to show a 3.5% rise in “core” inflation, which excludes volatile food and energy costs. Importantly, Thursday’s PCE report is expected to show whether or not the US economy may be headed for a “soft landing”, whereby inflation falls to the central bank’s 2% target without severe economic repercussions.

A slew of corporate earnings reports are also expected later this week, with Dollar Tree, Foot Locker, Kroger, Okta, Salesforce, Snowflake, and Ulta Beauty expected to release their financial results.

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